Flores Lorenzo 4

What Happened
Flores Lorenzo (Director) was granted 586.88 performance rights (derivative award) related to BlackRock Enhanced Equity Dividend Trust (BDJ) on July 1, 2026. The reported unit price is $9.57, giving a total reported value of $5,616. This was an award/accrual under a deferred compensation arrangement — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06. The filing date is five days after the reported transaction (appears to exceed the typical 2-business-day Section 16 filing deadline).
• Award: 586.88 Performance Rights at $9.57 per right — total $5,616 (reported as a derivative acquisition).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes from the filing:
  • F1: Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
  • F2: Each Performance Right converts to the cash value of one BDJ share.
  • F3: The Performance Rights will be settled 100% in cash at the deferral period chosen by the reporting person.

Context
These are compensation-related performance rights that pay out in cash based on BDJ’s share value at settlement, so they do not immediately change voting power or share ownership. Such grants are routine for directors and reflect compensation, not a direct market bet; they should be interpreted differently than open-market purchases or sales.